Financial Services
The European Commission could force the Government to compensate up to £4bn to the victims of the collapse of Equitable Life, according to the MEP who wrote the recent critical European Parliament report.
Speaking today at a press conference in London, LibDem MEP Diana Wallis said if the UK Government ignored both her damning report, which accuses the UK Government of severe regulatory failures, and the upcoming UK Parliamentary Ombudsman’s report the EC would step in.
She said the European Parliament committee into the collapse of Equitable Life had enlisted the support of European Commissioner for internal markets and services Charlie McCreevy who was “very positive” about the committee’s findings.
Speaking today at a press conference in London, LibDem MEP Diana Wallis said if the UK Government ignored both her damning report, which accuses the UK Government of severe regulatory failures, and the upcoming UK Parliamentary Ombudsman’s report the EC would step in.
She said the European Parliament committee into the collapse of Equitable Life had enlisted the support of European Commissioner for internal markets and services Charlie McCreevy who was “very positive” about the committee’s findings.
Labels: Financial Services
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